With more established auto markets not showing any signs of sales growth, most of the world’s automakers are focusing their efforts developing regions. General Motors already has a strong presence in China – thanks to a tie-up with China’s SAIC Motor Corp. – and is now said to be taking aim at the Indian market.
General Motors has reportedly begun talks with SAIC to expand their operations into India. The move would see SAIC investing in General Motors India, according to India’s Economic Times.
“GM’s discussions with SAIC include business opportunities in India, but no final decision has been made on how they will cooperate,” an inside source revealed.
The move seems like a logical step for both GM and SAIC. The two automakers currently produce Cadillac , Chevrolet , Buick and Wuling vehicles in China and have been quite successful – particularly this year. SAIC’s sales have jumped 47 percent this year with GM tallying a 55 percent improvement. Moreover, most analysts expect India to knock off China as the world’s largest auto market in the coming years.
